DEFINITION of 'Vance D. Coffman'

A former president, CEO and chairman of Lockheed Martin, and an astronautical engineer. Coffman joined the company in 1967 and developed a satellite-positioning system, the Hubble telescope and the MILSTAR communications satellite. He became president and COO in 1996, CEO in 1997, and chairman in 1998.

BREAKING DOWN 'Vance D. Coffman'

Born in 1944 in Kansas, Coffman earned his bachelor of science in aerospace engineering and his Ph.D. from Stanford University in aeronautics and astronautics. He retired from Lockheed in 2005 after working with the company for 38 years.



RELATED TERMS
  1. Chairman

    A chairman is an executive elected by a company's board of directors ...
  2. Morris Chang

    The founder, chairman and CEO of Taiwan Semiconductor Manufacturing ...
  3. Phil Condit

    A former CEO and chairman of Boeing. Condit is best known for ...
  4. Alston D. Correll

    A former CEO and chairman of Atlanta-based paper and building ...
  5. Satellite Operation

    A satellite operation is a small office or branch office in a ...
  6. John T. Dillon

    A former president, chairman and CEO of International Paper Co., ...
Related Articles
  1. Tech

    Is Lockheed Martin Stock Suitable for Your IRA or Roth IRA? (LMT)

    Discover if Lockheed Martin is an ideal stock for your traditional IRA or your Roth IRA. Learn about the company's future prospects.
  2. Investing

    Lockheed Martin P/E Ratio: A Quick Analysis

    A quick analysis of Lockheed Martin's P/E ratio.
  3. Small Business

    Lockheed Martin Is Tight With The US Government

    The relationship between Lockheed Martin and the U.S. government is long-standing and the company's biggest revenue source, but it may be deteriorating.
  4. Insights

    Top 5 Shareholders of Lockheed Martin (LMT)

    Discover which active growth and income mutual fund managers are among the largest Lockheed Martin shareholders, and why this is unlikely to change.
  5. Investing

    Lockheed Martin's 3 Key Financial Ratios (LMT)

    Learn about Lockheed Martin's business by investigating three important financial ratios that determine profitability, return and reinvestment needs.
  6. Financial Advisor

    How Should College Grads Invest for Retirement?

    Amy Hubble, CFA, CFP® discusses how college graduates can best begin to save for their retirement.
  7. Personal Finance

    The Highest-Paying Engineering Careers

    Learn more about some of the highest-paying jobs in field of engineering. With just a bachelor's degree, most engineers in these jobs make well over $100,000.
  8. Investing

    2 Stocks to Bet on the Future of Space Exploration (BA, LMT)

    Learn about why investors must wait to invest in Space X, and read about other companies involved in the future of space exploration.
  9. Insights

    Lockheed Martin, Pentagon Near $9 Billion Deal (LMT)

    As Lockheed secures revenue for the next several quarters, Trump would achieve a campaign promise of saving tax-payer’s money by making a good deal.
  10. Investing

    Lockheed Martin's Top Competitors (LMT)

    Find out which companies are considered defense giant Lockheed Martin Corporation's biggest competitors and how their stock performances compare.
RELATED FAQS
  1. What is Tim Cook's career and educational background? (AAPL)

    Discover where Tim Cook studied and worked before joining Apple and what roles he played in the company before taking over ... Read Answer >>
  2. What is the aerospace sector?

    Learn about the aerospace sector in the United States, one of the nation's largest and most powerful industries, considered ... Read Answer >>
Hot Definitions
  1. Inflation

    Inflation is the rate at which prices for goods and services is rising and the worth of currency is dropping.
  2. Discount Rate

    Discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from ...
  3. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  4. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  5. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  6. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
Trading Center